Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Those Questions are extremely important please only if you are 100% sure, Thanks in advance! A Jackson Inc. produces leather handbags. The production budget for

Those Questions are extremely important please only if you are 100% sure, Thanks in advance!

A

Jackson Inc. produces leather handbags. The production budget for the next four months is: July 5,000 units, August 7,000, September 7,500, October 8,000. Each handbag requires 0.5 square meters of leather. Jackson Inc's leather inventory policy is 30% of next month's production needs. On July 1 leather inventory was expected to be 1,000 square meters. What will leather purchases be in August?

7,075 square meters

3,425 square meters

3,575 square meters

7,150 square meters

--------

B

Meadow Company produces hand tools. A sales budget for the next four months is as follows: March 10,700 units, April 13,600, May 16,200 and June 21,200. Meadow Company's ending finished goods inventory policy is 10% of the following month's sales. March 1 beginning inventory is projected to be 1,070 units. How many units will be produced in April?

13,340

13,600

16,580

13,860

---------------

C

Larken has forecast sales for the next three months as follows: July 4,300 units, August 6,700 units, September 8,100 units. Larken's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,720 units. Monthly manufacturing overhead is budgeted to be $17,500 plus $10 per unit produced. What is budgeted manufacturing overhead for July?

$53,100

$70,000

$55,600

$75,600

--------------------

D

Jaybird Inc. produces leather handbags. The sales budget for the next four months is: July 5,000 units, August 7,000, September 7,500, October 8,000. Jaybird Inc's ending finished goods inventory policy is 10% of the following month's sales. Each handbag requires 1.3 hours of unskilled labor (paid $8 per hour) and 2.2 hours of skilled labor (paid $15 per hour). How much is total labor cost during the three months July through September?

$ 846,300

$ 327,670

$ 859,320

$ 69,300

--------------

E

Holiday Corp. has two divisions, Quail and Marlin. Quail produces a widget that Marlin could use in its production. Quail's variable costs are $5.20 per widget while the full cost is $8.20. Widgets sell on the open market for $14.40 each. If Quail has excess capacity, what would be the cost savings if the transfer were made and Marlin currently is purchasing 160,000 units on the open market?

$ 0

$ 1,312,000

$ 2,304,000

$ 1,472,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Controlling White Collar Crime Designing And Auditing For Systems Security

Authors: John Millar Carroll

1st Edition

0409950653, 978-0409950656

More Books

Students also viewed these Accounting questions

Question

What are the consequences for defaulting on student loans?

Answered: 1 week ago

Question

Identify four applications of HRM to healthcare organizations.

Answered: 1 week ago